Get started

Eth-usdt

ETHEREUM TETHER ⚠️ Where ETH is Heading in The Next Week💬 ETH is in the limelight once again, sort of. Ethereum might not be on the cover of TIME, but it was mentioned at a recent Senate finance committee meeting when it was mentioned alongside Bitcoin when giving examples of cryptocurrency. Mentioning crypto at a Senate finance meeting shows the relevance of crypto, and mentioning Ethereum alongside Bitcoin helps to cement the idea of Ethereum becoming synonymous with crypto. Let's see if the ETH bulls can make ETH's price look as good as I just tried to make it in those last few paragraphs by looking at some levels. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 S/R flip at the prior range where resistance was found is the first level of support for the bulls. A pullback here and a move off S1 would be an obvious path to start breaking ETH out of the current range. S2: The S2 orderblock formed by the move up represents a level that was interacted with a good deal during consolidation leading up to this move. Given the previous interactions with other Orderblocks as seen on the chart, S2 is likely to see some interaction at some point. S3: Things start to look less attractive at the S3 orderblock, as a trip down to this level brakes below the main price pivot point and retests the previous price range. There is support to be found here, but bulls would rather not have to find it with this current uptrend. S4: The bulls have one more chance to save the bullish price structure by finding support at S4. Below S4 there is some notable support, but for the purposes of mapping out the current move, anything below S4 should not have to be considered for now. Resistance: R1: If the bulls can break this pattern of lower highs, then the first line of resistance is the R1 bearish orderblock at the prior swing high range. A break above this level means ETH will likely break out of this overall range it has been trading in since the start of June. R2: The R2 bearish orderblock created during the previous dump is the next point of resistance for bulls, we would expect a reaction here even if ETH runs hard on a break of the previous range. R3: The R3 orderblock left at the prior swing high is the primary target for bulls. If they can get here and then create a new range it would help to form an overall bullish pattern on longer time frames. ----- Summary: ETH has been in the limelight for a while now, the chart looks decent on some timeframes despite a long-term correction from the 2017 highs. Can ETH bulls continue to show strength as Ethereum solidifies itself within the crypto ecosystem, or will the bears be taking out support and dumping to new lows? Only time will tell. Resources: www.forbes.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
ETH low risk long tradeWelcome to the lab! Over the past few days BINANCE:ETHUSDT has been consolidating over a very important support level, which is 127$ and showed a bullish movement. However BINANCE:ETHUSDT is forming a bearish inside bar which means we are pulling back to test that support again. Also ETH is now pretty warmed up fundamentally due to hard forks which are happening 11 and 16 of January. After ETH tests the support it will head towards 168$ which is our first take. 168 level has always historically been a very strong support, capable of a local trend reverse. So it will be a major test for bulls. If we manage to break through 168 the next take will be 190$ which was acting as our support before the dump. To sum up it is a low risk trade with a clear spot for a stop loss. Entry : 130$-127$ STOP: 120$, however if you are worried that you will get stopped out and willing to take extra risk put it to 110$ bellow 2 bar false breakout. 1 take: 168$ 2 take: 190$ He was the one to transform metal to gold, water to vine and charts to cash. D. Chemist
Long
by DChemist